Earn a 5.3% yield* on your cash

Put your cash to work with government-backed Treasury bills. Now available on Public—the all-in-one investing platform.

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Get a tax advantage†

Unlike a savings account, you don’t have to pay state and local taxes on the income you generate from Treasury bills. That means you can keep more of your yield.*

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Securely store your Treasury bills

Your Treasury bills are held in custody at The Bank of New York Mellon -the world's largest custodian bank and securities services company.

Access your funds at any time

We'll automatically reinvest your Treasury bills at maturity to ensure a compounding yield.
You can sell your Treasury bills at any time. ***

Get the backing of the US government

Treasury bills are backed by the full faith and credit of the US government, so they're considered one of the safest investments around.

Treasury bills vs. Savings accounts

Treasury bills may generate higher yield than a traditional savings account or even a high-yield savings account.

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Discover the benefits of buying Treasury bills

  • Earn a 5.3%* yield on your cash.
  • Get the backing of the US government.
  • Store your investments at BNY Mellon.
  • Save more with no state and local taxes.
  • Access your cash at any time.
  • Get award-winning customer support.
  • Do it all from a user-friendly app.
  • Build and diversify your portfolio with stocks, ETFs, crypto, and alternative assets, like fine art and collectibles.
Treasuries Buying Flow

Have questions? Find answers.

What are Treasuries?

A Treasury bill (or T-bill) is a short-term debt security issued by the US Treasury with a maturity period ranging from four weeks to one year. T-bills are purchased at a discount rate to their face value, which is paid out in full when the T-bill reaches maturity. For example, a $1,000 T-bill might cost $950 to purchase, generating a $50 return. T-bills generally rise in value and approach par value as the maturity date nears.

How does purchasing Treasuries work on Public?

Treasury bills on Public are provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. As a Public member, you can invest in Treasuries for as little as $100 and track their yield over time directly in the app. Plus, you can manage your investments right alongside your stocks, ETFs, crypto, and alternative assets.

Why should I consider Treasuries for my portfolio?

Treasuries are considered one of the safest types of investments, making them an attractive option for mitigating risk. They also typically offer a higher return than traditional savings and high-yield savings accounts, giving investors an easy way to do more with their cash.

What are the fees for a Treasury Account?

In exchange for the management, trading, and custody of Treasury services, Jiko charges a flat management fee of 5 basis points per month based on the average daily balance of your Treasury account. This amount will be deducted from your Treasury account on a monthly basis. Public receives a portion of that management fee as a referral fee.

Is the Treasury Account insured under FDIC or SIPC?

Treasury Accounts are custodied at The Bank of New York Mellon. Balances below $500k are covered by SIPC insurance. The underlying Treasury bills held in the account are fully backed and guaranteed by the US Government. Investments in Treasury bills are not FDIC insured or bank guaranteed, as this type of protection only applies to savings accounts and other banking products.

Have additional questions about investing in treasuries with Public?

Our US-based customer experience team has FINRA-licensed specialists standing by to help

*26-week T-bill rate (as of 11/20/2023) when held to maturity. The rate shown is gross of fees.

**The average of the best high-yield savings accounts, compiled by NerdWallet.com as of 10/30/2023, is 4.6% APY.

***Deposits below $100 may be permitted, but not invested.

****Different banks may have different deposit requirements.

† This is not tax advice. Neither Public, nor its affiliates, offer tax advice. Each investor should consult with their tax professional prior to investing.

§ A brokerage account with Open to the Public Investing must be opened prior to opening Treasury Accounts on Public offered by Jiko Securities, Inc.